Signs that a nascent recovery in the housing sector stumbled in March pushed the Australian dollar to its lowest since mid-April. The number of house-building permits fell 5.5 per cent in March, the most since July, curbing optimism that ...
Tags: Dollar, Housing Recovery
THE Australian dollar dropped below 103 US cents for the first time in three days amid falls on US stock markets and weaker commodity prices. At 6.30am AEST the currency was trading at 102.77 US cents, down from 103.54 US cents at ...
Tags: Australian Dollar, US Stocks
BUOYANT global equities boosted the Australian dollar today, with traders betting that European and US central banks will this week reaffirm commitment to easy money policies designed to boost asset prices and stoke growth. Australia's ...
Tags: Australian Dollar, economy
The Australian dollar has rallied to its highest level in 11 days following gains on global share markets. The currency rose to 103.60 US cents early today, its highest level since April 19. By 7am AEST it had dropped back slightly and ...
The Australian dollar traded slightly lower during holiday-thinned Asian trade as a dearth of local developments left traders waiting for key events offshore. Topping the watch list are European Central Bank and US Federal Reserve ...
Tags: Australian dollar, bond issuance
The Australian dollar dropped below 103 US cents following weakness on global share markets and commodity prices. At 6.30am AEST the currency was trading at 102.81 US cents, down from 103.10 US cents on Friday afternoon. The currency ...
Tags: Australian dollar, currency
The sharemarket rose 0.6 per cent yesterday as investors piled into banks to take advantage of their dividend yields, amid optimism the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: sharemarket, Investors Banking
A rise in commodity prices has helped push the Australian dollar back above the $US1.03 level. At 5pm AEST, the local unit was trading at $US1.031, up from $US1.0246 on Wednesday. CMC Markets foreign exchange dealer Tim Waterer said the ...
THE Australian dollar climbed after claims for US unemployment benefits last week fell to their lowest level since mid-March. At 6.30am AEST the local unit was trading at 102.91 US cents, up from 102.46 cents on Wednesday. Local markets ...
Tags: Australian Dollar
The sharemarket climbed to a five-week high yesterday as falling bond yields fuelled demand for high-yield stocks, offsetting the negative effect on miners of disappointing Chinese manufacturing data. The benchmark S&P/ASX 200 closed up 1 ...
Tags: Lifts Stocks, economy
The dollar was down more than half a cent against the greenback because of continued fears of weakness in world commodity prices and ahead of local inflation data that might clear space for an interest rate cut next month. News last ...
Tags: Dollar, Metals Stay Weak
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
The Australian dollar has hit a six-week low after most metals prices fell during the offshore session on Friday night. At 6.30am AEST the local unit was trading at 102.78 US cents, down from 103.43 cents on Friday. Earlier today the ...
Tags: economy
The Australian dollar was slightly lower in line with losses on Wall Street overnight. At 6.30am AEST the local unit was trading at 103.02 US cents, down from 103.17 US cents at yesterday’s local close.
Tags: Australian dollar, dollar
The Australian dollar fell to a one-month low during overnight trading as bombings in Boston and disappointing Chinese economic growth weighed on market sentiment. At 7am AEST the local unit was trading at 103.15 US cents, down from ...
Tags: Australian Dollar, China GDP